Acca Fa1 Recording Financial Transactions

ACCA Foundation level. Foundation in Accountancy (FIA). Introductory certificate in financial and management accounting.
What you'll learn
Understanding the basic types of business transactions & documentation
Understanding duality of transactions & the double entry system
Understanding the basics of the banking system & transactions
Understanding the basics of payroll
Introduction to ledger accounts
Understanding to the basics of cash & bank
Introduction to sales & credit transactions
Introduction to purchases & credit transactions
Introduction to reconciliations
Preparing the trial balance
Requirements
No accounting experience required for this course
Description
ACCA's FA1 Recording financial transactions paper is the first paper in the ACCA's foundation level qualification. It is an international course which aims to introduce students to the basic accounting systems up to the trial balance stage and the types of documentation you would encounter in the workplace. No previous knowledge of accounting, additional material or software is required for this paper. In order to sit the ACCA exam students must apply direct to ACCA for student membership and exam entry.In this course students will learn аbout: Business transactions, the banking system and double entry bookkeepingPayroll and ledger accountsReconciliation and preparing the trial balance This course is for complete beginners, providing a starting point for those wanting to pursue a career in accounting as an accounting technician or those wanting to become a professional accountant but who may not meet the entry requirements to start their studies straight away with the ACCA qualification.
Overview
Section 1: Introduction
Lecture 1 Introduction to recording financial transactions
Section 2: Types of business transactions
Lecture 2 Key Terms
Lecture 3 Types of business transactions
Lecture 4 Key Terms
Lecture 5 Discounts, coding & sales tax
Lecture 6 Illustration
Section 3: Double entry bookkeeping
Lecture 7 Key Terms
Lecture 8 Double entry bookkeeping introduction
Lecture 9 Key Terms
Lecture 10 Double entry bookkeeping continued
Section 4: The banking process
Lecture 11 Key Terms
Lecture 12 The banking process
Section 5: Sales & sales records
Lecture 13 Key Terms
Lecture 14 Monitoring & controlling sales
Lecture 15 Key Terms
Lecture 16 Sales day book & sales ledger
Section 6: Purchases and purchase records
Lecture 17 Key Terms
Lecture 18 Monitoring & controlling purchases
Lecture 19 Key Terms
Lecture 20 Purchase day book and purchase ledger
Section 7: Cash and Bank
Lecture 21 Key Terms
Lecture 22 Cash and Bank
Section 8: Payroll
Lecture 23 Payroll
Section 9: Reconciliations
Lecture 24 Key Terms
Lecture 25 Reconciliations
Section 10: Trial balance
Lecture 26 Trial balance
Section 11: Revision
Lecture 27 Revision
This course is for complete beginners, providing a starting point for those wanting to pursue a career in accounting as an accounting technician or those wanting to become a professional accountant but who may not meet the entry requirements to start their studies straight away with the ACCA qualification
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